One technician I know, Rick Ackerman, has a top at around 2025 on SPX. What I find interesting about him is that he personally is a perma-bear. His calls are against his emotionally biased position. he obviously is calling for a very bad ending to this move. I however see a much needed correction in this 5 year move. I do not however see this as the final top.
Timing is also interesting. We should have the correction start early in second half of year. I see June as the start of the correction, and given a typical run for 5 months or so.
If we are indeed about to break the new highs it has to be soon. Nasdaq has a rising wedge pattern where the base are 4,000 was hit 3 times, starting at mid-December, and each time it created a higher high. if this is another move off that base we should see a big sharp and short duration move soon.
The Q's have a lot of catching up to do. they must lead the last move higher.
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